Characteristics of Risk and the Value of a Statistical Life: Evidence from the Labor Market *
作者： Mark Dickie , Shelby Gerking
DOI:
关键词: Risk perception 、 Economics 、 Market microstructure 、 Labour economics 、 Null hypothesis 、 Marginal rate of substitution 、 Market value 、 Nonfarm payrolls 、 Expected utility hypothesis 、 Implicit contract theory 、 Econometrics
摘要: Accumulating evidence suggests that preferences for safety depend on characteristics of risk. This paper examines whether the value statistical life (VSL) depends risk using an expected utility model where unconditional fatality equals product injury and conditional death given injury. The shows how to express VSL in terms considered (frequency severity injury) as well test null hypothesis these do not matter marginal rate substitution between is rejected perceived stated preference information from a recent national survey workers.
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